White House Wants to Borrow As Much As Government Can Spend, Not Negotiating on Debt Ceiling

"nothing left toThe most recent debt ceiling crisis, when the
debt ceiling was at somewhere under $17 trillion, led to the
mechanism being temporarily suspended, as the US government
continues to borrow money to cover its spending. Congress may be

on the verge
of passing a new spending deal that rolls back
some of the sequester’s attempts to stymie spending, but the White
House isn’t interested in talking about the debt ceiling.


From USA Today:

The White House says President Obama has not changed
his position: He will not negotiate raising the debt ceiling next
year.

White House spokesman Jay Carney said Monday he hopes Republicans
will not make demands “when it comes to the full faith and credit
of the United States.”

Paul Ryan, who helped negotiate the latest spending deal, which
passed the House
overwhelmingly
, claims he wants to keep the door open to
extracting concessions on the debt limit when it is unsuspended
next year.

Follow these stories and more at Reason 24/7 and don’t forget you
can e-mail stories to us at 24_7@reason.com and tweet us
at @reason247.

from Hit & Run http://reason.com/blog/2013/12/16/white-house-wants-to-borrow-as-much-as-g
via IFTTT

Leave a Reply

Your email address will not be published. Required fields are marked *